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Travel and tourism in India to 2017

Profile Photo By: H L
January 15, 2014

Travel and tourism in India to 2017

Agra, India - May 11: The people visit Taj Mahal, Agra, India on May 11, 2011. The Taj Mahal is a mausoleum located in Agra, India and is one of the most recognizable structures in the world
Agra, India - May 11: The people visit Taj Mahal, Agra, India on May 11, 2011. The Taj Mahal is a mausoleum located in Agra, India and is one of the most recognizable structures in the world

The report provides detailed market analysis, information and insights, including:
– Historic and forecast tourist volumes covering the entire Indian travel and tourism sector
– Detailed analysis of tourist spending patterns in India
– The total, direct and indirect tourism output generated by each category within the Indian travel and tourism sector
– Employment and salary trends for various categories in the Indian travel and tourism sector such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
– Detailed market classification across each category with analysis using similar metrics
– Detailed analysis of the airline, hotel, car rental and travel intermediaries industries

Summary

India’s real GDP growth fell to a 10-year low of 5.1% in 2012?2013 from 6.2% in 2011?2012, primarily due to declining investment, elevated inflation, high interest rates and sluggish external demand.

Scope

This report provides an extensive analysis related to tourism demands and flows in India:
– It details historical values for the Indian tourism sector for 2008?2012, along with forecast figures for 2013?2017
– It provides comprehensive analysis of travel and tourism demand factors with values for both the 2008?2012 review period and the 2013?2017 forecast period
– The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in India
– It provides employment and salary trends for various categories of the travel and tourism sector
– It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries with values for both the 2008?2012 review period and the 2013?2017 forecast period

Key Highlights
– Inbound tourism in India recovered after a brief decline due to the financial downturn in 2009, and domestic and outbound tourism registered healthy growth during the review period. Tourism has a significant impact on the country’s economy: according to the World Travel and Tourism Council (WTTC), tourism contributed 6.6% to the country’s GDP in 2012 and accounted for 7.7% of total employment. India is continually developing its infrastructure, with improvements in both air and ground transport.
– The number of hotel establishments in India rose from 2,520 in 2010 to 2,697 in 2012, and is expected to reach 3,675 by the end of the forecast period. India has the second-largest construction pipeline of hotels in Asia after China, with the Indian government providing support by allowing 100% foreign investment under the automatic route in the hotel and tourism-related industry.
– A major concern for the tourism sector is the lack of security faced by domestic tourists, with reported cases of physical assault, robbery and sexual harassment. These kinds of incidents damage the potential for tourism growth.
– The government of India has undertaken various promotional initiatives to achieve growth in inbound tourist flows to the country. Advertising campaigns such as ‘Incredible India’ promote Indian culture and history.
– The AAI is undertaking the construction of a new terminal at Chandigarh International Airport. The project involves the construction of a new terminal with the annual capacity to handle 1.5 million passengers. It includes the construction of check-in halls, a ticket area, security screening areas, a baggage claim room, walkways, taxiways and other related facilities. The project will have three two-deck terminal buildings, with departures from the upper level and arrivals at the ground level. Construction works are currently underway and the project is expected to be completed by the fourth quarter of 2014 at an estimated value of US$80 million.
– The Gandhinagar Five-Star Hotels project involves the construction of two five-star hotels and a club under the Gujarat International Finance Tech City (GIFT) project. The project will be developed in two phases and will comprise 700 guest rooms. The first hotel will be developed with 300 guest rooms in phase I and is expected to be completed by 2013, while the second hotel in phase II will feature 400 guest rooms and is expected to be completed by 2015. The estimated project cost is US$220 million.
– To fortify their positions in the market, car rental companies typically use promotional tools such as deals and discounts, value-added services and internet marketing. They also use technology such as satellite navigation/GPS and digital meters with credit/debit card swipe machines to attract customers. Avis provides Jet Privilege members with special offers so that they can save up to 25% on services in India.
– The online travel intermediaries market is still in a developmental stage. However, its revenue growth indicates that it is a rising market and one that could potentially dominate the industry in years to come.

Source Yahoo Finance, http://ca.finance.yahoo.com/news/travel-tourism-india-2017-202900483.html

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